First Republic Bank plummeted 90%! S&P Downgrades Its Rating to 'CC': Default 'Almost Certain'

新浪财经2023-05-03

First Republic Bank plunged 90% on May 3, and Standard & Poor's further downgraded First Republic Bank's junk credit rating on Tuesday after regulators took over the bank and sold its assets to JPMorgan Chase. S&P downgraded the bank's rating to "CC" from "B +" and said it expects First Republic's default to be "almost certain" (Note: First Republic's code has been changed, from FRC to FRCB. First Republic is trading on pink sheet!) S&P said that since JPMorgan assumes the vast majority of First Republic's assets, given the insufficient remaining asset base, it is highly likely that the bank will be in...

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Comments

  • StreetCat
    2023-07-21
    StreetCat
    The bank is still operational and made profits just not hit expectations 
  • NancyLuan
    2023-05-05
    NancyLuan
    說說你對這篇新聞的看法...
  • JustinYuan
    2023-05-04
    JustinYuan
    那也不能阻擋我買入
  • 嘞撸虎7
    2023-05-03
    嘞撸虎7
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